FDR new deal policies

emergency banking relief act

first new deal; closed down all banks, sent federal inspectors to analyze and fix issues

federal deposit insurance corporation (FDIC)

first new deal; “your money is safe in banks up to a certain point,” made people feel safer about storing money in banks

the securities exchange act

first new deal; forced companies to be transparent about how much their company is valued at, helped investors feel safe

the economy act

first new deal; reduced government spending through massive cuts, ended prohibition so the national government could tax alcohol

the federal emergency relief act (FERA)

first new deal; gave states money to alleviate unemployment/homelessness, failed because states didn’t know what to do with the money

the civil workers administration (CWA)

first new deal; provided federal jobs by infrastructure building and rebuilding, failed because we didn’t have money to build new infrastructure

the civilian conservation corps (CCC)

first new deal; employed people for environmental conservation projects, most successful new deal policy but racially segregated the “soil soldiers” (workers)

homeowners loan corporation

first new deal; helped refinance home mortgages at lower interest rates, federal government bought homes and gave it back at better rates

federal housing administration

first new deal; offered mortgages for longer durations (20 years) which reduced monthly payments

national industrial recovery act (NIRA)

first new deal; created massive public works projects funded by federal government, shut down after supreme court declared it was unconstitutional in schechter poultry corp vs. united states case

public works administration

first new deal; under NIRA, set 3.3 billion for infrastructure projects

national recovery administration

first new deal; under NIRA, allowed large corporations to set prices on projects, included fair labor policies, become corrupt but FDR didn’t mind since it allowed for more money to be made

the workers progress administration

second new deal; massive infrastructure project, very successful and beloved, particularly by minorities (african americans specifically)

social securities act

second new deal; federal retirement fund for the elderly, initially flawed because southern democrats did not include poor/black americans in the south

the revenue act (1935)

second new deal; raised income tax on salaries more than $50,000 (the rich), big business argued it was communist